1. QiAi QuestsHome
  2. Daily Digest

Aavegotchi Creator Pixelcraft Studios Raises $30 Million in Token Sales

• Daily Digest • 94 views

According to reports, Pixelcraft Studios, creator of the meta universe game Aavegotchi, said on Monday that they had raised $30 million in token sales over the years. It is said th

Aavegotchi Creator Pixelcraft Studios Raises $30 Million in Token Sales

According to reports, Pixelcraft Studios, creator of the meta universe game Aavegotchi, said on Monday that they had raised $30 million in token sales over the years. It is said that this round of financing is the largest round of financing in the field of Web3 games so far this year, without any venture capital or investors participating. Pixelcraft Studios stated that they would receive 25% of the funding, or $7.5 million, while the agreed decentralized autonomous organization funding would receive the remaining $22.5 million.

Web3 game creator Pixelcraft Studios raised $30 million in token financing

Introduction

Pixelcraft Studios, the creator of the popular meta universe game Aavegotchi, announced on Monday that it had raised $30 million in token sales over the years. This is the largest round of financing for a Web3 game this year, with no venture capital or investors involved.

What is Aavegotchi?

Aavegotchi is a decentralized game built on the Ethereum blockchain. It is a combination of NFTs, DeFi, and gaming, allowing players to own and collect cute ghosts called gotchis. The game has become popular among blockchain enthusiasts and gamers alike, with a dedicated and growing community.

The Funding Details

According to Pixelcraft Studios, they will receive 25% of the funding or $7.5 million, while the decentralized autonomous organization (DAO) funding will get the remaining $22.5 million. The DAO, which is governed by users, will allocate the funds towards further development of Aavegotchi and other Web3 games.

The Significance of the Funding Round

This funding round is significant for Pixelcraft Studios, as it indicates the popularity and potential of Aavegotchi in the blockchain gaming industry. The fact that the funding was entirely from token sales also highlights the power of the community and their support for the game. It also shows the potential of Web3 games to disrupt the traditional gaming industry.

What’s Next for Aavegotchi?

With the significant funding, Aavegotchi is set to expand and develop further features, including the introduction of the GotchiDAO, a decentralized platform that allows gotchi owners to participate in governance and decision-making. The game is also expected to integrate with other DeFi projects, creating a more robust and interconnected Web3 ecosystem.

Conclusion

Pixelcraft Studios has raised an impressive $30 million in token sales for Aavegotchi, highlighting the potential and popularity of Web3 games. The funding will be used to further develop Aavegotchi and other Web3 games, promising further growth and innovation in the industry.

FAQs

1. What is Aavegotchi?
Aavegotchi is a decentralized game built on the Ethereum blockchain that combines NFTs, DeFi, and gaming.
2. What is the significance of Pixelcraft Studios’ $30 million funding round?
The funding round highlights the potential and popularity of Web3 games and the power of community-driven financing.
3. What’s next for Aavegotchi?
With the funding, Aavegotchi plans to expand and develop further features, including the GotchiDAO and integration with other DeFi projects.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/10474.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/21/2023 22:47
Next 03/21/2023 22:56

Related recommendations